Commerce and Industry Minister Piyush Goyal today held bilateral talks with Belgian Foreign Affairs and Foreign Trade Minister Bernard Quintin in Brussels. Both leaders acknowledged Belgium’s significant reliance on foreign trade and India’s dynamic, growing economy as key factors for leveraging mutual opportunities. They also discussed the progress of the EU-India Free Trade Agreement negotiations and emphasized the importance of prioritizing trade issues to streamline negotiations and strengthen economic ties.
India and Belgium trade is estimated at over 15 billion dollars in 2023-2024 while Foreign Direct Investments from Belgium into India was estimated at around four billion dollars.
